Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Mexican Peso/Czech Koruna (FOREX:MXNCZK)
Long-Term Downtrend (-90) - MXNCZK is in a strong downtrend that is likely to continue. While MXNCZK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MXNCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNCZK
The long-term trend has been DOWN since Feb 19th, 2021 at 1.0416325
The intermediate-term trend has been DOWN since Jan 27th, 2021 at 1.0635500
The short-term trend has been DOWN since Feb 25th, 2021 at 1.0247050
Smart Scan Analysis for MXNCZK
Based on our trend formula, MXNCZK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).